Twenty-seven new Reits floated in the first 11 months of last year boosted the total market capitalization of Asian-listed Reits by 66 percent to US$63 billion, up sharply from US$38 billion at the end of 2005, said CB Richard Ellis (CBRE).

“Asian Reits will likely follow their present expansionary trend in 2007,” said the consultancy’s executive director Danny Mohr. Robust economic conditions support continued demand for property and a more benign interest rate outlook, he said.

With the market evolving, CBRE said Reits with hotels, hospitals and even infrastructure projects are being offered. These are diversifying asset types beyond conventional office, retail and industrial property.

While Singapore’s conducive regulatory regime and competitive tax system favorably positioned the city-state to draw an increasing number of cross-border Reits listings, Thailand, South Korea and Hong Kong were considered the laggards in the market.

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